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JK Paper Ltd has registered a standalone net profit of ₹73.60 crore for the fourth quarter of the financial year 2017-2018.
This was 30.6 per cent higher than the net profit reported in the corresponding quarter in the last fiscal.
For the quarter ended March 2017, the company had registered a standalone net profit of ₹56.32 crore.
The board has recommended a dividend of ₹2.5 per share, amounting to ₹53.72 crore on the equity share capital for the year ended March 31, 2018.
The company reported standalone revenue of ₹752.15 crore, an increase of 2.39 per cent, over ₹734.57 crore recorded in the same quarter last fiscal.
Multiple factors
Harsh Pati Singhania, Vice-Chairman and Managing Director , said that the higher profit was on account of multiple factors.
He said: “Enriched product mix, lower finance costs and better operating parameters coupled with higher volumes have contributed to the all-round improved performance”.
Commenting on the expansion plans, he said: “The project cost of about ₹1,450 crore would be funded with a mix of internal accruals and long term debts.”
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